Republican presidential candidate Ron Paul announced Monday that his campaign will no longer spend money on future nominating contests due to lack of funds.
Ron Paul is the final challenger to Mitt Romney still running at all.
The Texas Congressman wrote the following letter to supporters:
"Our campaign will continue to work in the state convention process. We will continue to take leadership positions, win delegates, and carry a strong message to the Republican National Convention that Liberty is the way of the future."
"Moving forward, however, we will no longer spend resources campaigning in primaries in states that have not yet voted. Doing so with any hope of success would require tens of millions of dollars we simply do not have."The 76-year-old Paul encouraged his legion of supporters to continue their efforts in the presidential race as well as down-ballot races across the country and stressed that he will continue working to win delegates.
"In the coming days, my campaign leadership will lay out to you our delegate strategy and what you can do to help, so please stay tuned," Paul wrote.
Two weeks ago, Paul and his supporters cheered the candidate's delegate wins in Maine and Nevada, but as Yahoo News reported, those wins didn't necessarily move Paul any closer to winning his party's nomination.
Paul has long touted a strategy to rack up delegates as a way to become a part of this summer's convention process, absent an outright win.
In any case, he is not dropping out of the race in the absolute sense, just no longer actively spending money in the remaining GOP contests.
How many delegates Ron Paul continues to win during state delegations and what role that gives him at the RNC remains to be seen.
Whatever happens, he's left an indelible mark on the race.